I final BTP rates Value: Ministry of Economy and Finance he announced coupons final of the seventh issue dedicated to small savers (retail) which closed today, Friday 6 March 2026, with a total collection of 16,2 billion euros and approximately 522 thousand contracts registered. For the first time in this series, therates have been revised upwards to take into account the evolution of the markets, also influenced by the effects of the war in Middle East on bond rates and inflation expectations. The final coupons of the BTP Valore were set at 2,60% for the first and second year, 3,20% for the third and fourth year e 3,80% for the fifth and sixth year.
The overall collection is close to the record of previous issue of October 2025, equal to 16,57 billion, but remains far from the peaks of the first three issues: 18,19 billion in June 2023, 17,19 billion in October 2023 and 18,32 billion in February-March 2024.
BTP Valore, issue concluded: collections per day
During the first ROUND 6,04 billion euros were raised in the placement, with 177 thousand contracts subscribed and an average value of more than 34 thousand euros per contract. second day recorded 4,19 billion euros, with approximately 134 thousand contracts and an average value of over 31 thousand euros, while the third day the collection amounted to 2,8 billion euros with 95 thousand contracts and an average value of approximately 29 thousand euros. Finally, the fourth round It has seen orders for 2,07 billion euros, with 73 thousand contracts and an average value of approximately 28 thousand euros. Today orders are closing The €1,1 billion mark was exceeded with approximately 43 contracts subscribed. The placement closed today with orders exceeding €16,2 billion from 522 Italians.
Characteristics of the BTP Value
Il Btp Value 2026 he has one duration of six years (one year less than the previous issue) and adopts the "step-up" mechanism, with coupons increasing over time. Investors who hold the bond until maturity receive a 0,8% loyalty bonus on the nominal capital invested. The security can be sold, in whole or in part, before maturity, without restrictions and at market conditions, while the nominal capital is guaranteed at maturity.
Nominal coupons are paid every three months, with a minimum investment starting at €1.000. Taxation is preferential at 12,5% on coupons and premiums, with exemption from inheritance tax and exclusion from ISEE calculations for up to €50.000 invested in government bonds.
Thanks to the increase in coupon rates, the gross annual yield of the Btp Valore 2026 is now around 3,33%, while that nett after the reduced tax rate of 12,5% it is approximately 2,92%.
The Ministry of Economy and Finance raises the minimum guaranteed coupons
Before the placement, the Ministry of Economy and Finance had indicated the minimum guaranteed rates: 2,50% for the first two years, 2,80% for the third and fourth years and 3,50% for the fifth and sixth years. With the evolution of the markets and the tensions in the Middle East, the final rates have been revised upwards as indicated above. The final rate intervention reflects current market conditions, similarly to what happened a year ago with the Btp Plus, which saw a slight increase in rates during the placement.
